Futures for U.S. markets were positive late Tuesday, the first day of the shortened trading week, as investors bet lower-than-expected economic figures have eliminated the possibility of a rate increase at the Federal Open Market Committee's September meeting.

The S&P 500 was up 0.1%, the Dow Jones Industrial Average 0.2% and the Nasdaq, coming off a record day, was up 0.05% at 9:02 p.m. EDT.

Investors are hoping weaker-than-forecast economic indicators mean the Fed will ease its approach to interest-rate increases, even as the economy continues to grow. The Institute for Supply Management's services index slipped to 51.4 last month, the lowest since 2010, but still indicating growth. That's down from 55.5 in July.

That comes after the U.S. added 151,000 jobs in August, below analyst expectations and well below the surprise 255,000 added in July. The figures helped all three major U.S. indices end the first day of trading after the Labor Day holiday higher and the Nasdaq at a record close.

The S&P ended the day 0.25% higher. while the Dow finished 0.3% above its Friday close. The Nasdaq closed up 0.5% at 5,275.91.

Investors in Asia aren't as upbeat about the low U.S. economic figures with exchanges there opening mixed Wednesday. The Nikkei in Japan was down 0.77% and the Hang Seng in Hong Kong was off 0.1% at 9:21 p.m. EDT. For gainers, the Kopsi in Korea was up 0.16% and Australia's ASX rose 0.46%.

Europe was equally mixed Tuesday with German drugs and chemical company Bayer hiking its bid for Monsanto (MON)  , pushing the Dax up 0.14%. However, economic worries weighed elsewhere in Europe, nudging London's FTSE 0.78% lower and the Cac in Paris down 0.24%.

In energy, industry standard Brent crude was off 0.08% to $47.22 while West Texas crude lost 0.22% to $44.73. Both prices reflect per-barrel futures for November and October delivery, respectively, as of 9:13 p.m. EDT.

In after-hours trade, fast burrito chain Chipotle (CMG - Get Report) jumped 6.26% to $440 after Bill Ackman's hedge fund Pershing Square disclosed a 9.9% stake in the stock. In a Securities and Exchange Commission filing on Tuesday, Pershing said the Denver-based chain's stock is "undervalued and an attractive investment."

In decliners, shares of game-and-dine chain Dave & Buster's Entertainment  (PLAY - Get Report) slipped 6.55% to $43.24, after it cut its prediction for full-year same-store growth. The Dallas-based company said it now expects those sales to grow 3.25% at most this year, after earlier forecasting as much as 4.25% growth. Overall interest in fast food chains is waning across the country.